The property comprises 9,500 square feet of purpose built office accommodation and is located in a prime location near the heart of St Helier’s growing International Finance Centre. The building is fully tenanted.

This is the third commercial property purchased by Polygon Properties in recent years, the other two being Forum block 3 and Forum block 4 in Grenville Street, St Helier. The group also owns a number of commercial and residential properties in Guernsey.

Polygon Properties was advised on the acquisition by Carey Olsen and the financial structuring was supported by ABN AMRO.

Alex Belcher, Director of Polygon Properties, commented:
“We are very excited to add this asset to our Channel Islands portfolio. The property provides excellent office accommodation in a prime location, and the acquisition fits in perfectly with our current investment strategy.”